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Kilroy Realty Corp (KRC) · 29 slides · Filed Oct 22, 2026
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Slide 1 — Kilroy Realty
Where Innovation Works Kilroy Realty Corporation Nareit December 2025 Update West8 | Seattle, WA
Slide 2 — Company Overview
Where Innovation Works Where Innovation Works Company Overview 2
Slide 3 — Who is Kilroy?
Who is Kilroy? 3 − Kilroy Realty Corporation (“KRC” or the “Company”) is a leading, publicly traded owner and operator of Class A office and life science properties, with assets in the San Francisco Bay Area, Los Angeles, San Diego, Seattle, and Austin • KRC’s tenant roster is comprised of high-quality, well-capitalized companies, approximately 45% of which are investment-grade rated (1) − KRC provides premium, adaptable, and innovative workplaces that foster collaboration and productivity for tenants in a wide range of industries, including technology, life sciences, professional, business, and financial services, and media PORTFOLIO QUICK FACTS 16.8M Rentable Square Feet (“RSF”) – Stabilized Portfolio 121 Office and Life Science Properties 81.0% / 83.3% Stabilized Occupancy (%) / Leased (%) 230bps Signed But Not Commenced Space TOP 10 TENANTS BY ABR (1) Credit Ratings (S&P / Moody’s) % of RSF % of ABR (1) Tenant AA+ / Aaa 5.1% 5.8% Global Technology Company BBB / Baa2 2.2% 4.5% NR / NR 2.5% 4.2% A+ / A1 3.2% 3.6% A+ / A1 2.8% 3.2% NR / NR 1.7% 3.1% NR / NR 1.4% 3.1% A / A3 2.1% 2.8% NR / NR 1.4% 2.3% NR / NR 1.7% 2.2% 24.1% 34.8% Top 10 Total San Francisco 26% Other Bay Area 17% Los Angeles 21% San Diego 18% Seattle 14% Austin 4% ABR (1) % by Region Technology 52% Life Science & Health Care 18% Professional, Business, and Other Services 9% F.I.R.E. 7% Media 7% Other 7% ABR (1) % by Industry (1) Based on consolidated annualized base rental revenues (“ABR”) as of September 30, 2025.
Slide 4 — Why Kilroy?
4 An Opportunity to Capitalize on the Ongoing West Coast Recovery Why Kilroy? Best-In-Class Real Estate Uniquely Positioned to Benefit From Flight to Quality Dynamics – KRC is distinguished by its Class A, well-located, and thoughtfully amenitized portfolio, its strong tenant relationships, and its reputation in the market, as tenants increasingly prioritize high quality buildings and sponsors to meet their growth objectives Strong Balance Sheet and Robust Liquidity Profile – KRC’s well-laddered debt maturity profile, robust liquidity position, and substantial unencumbered asset base provide valuable financial and operational flexibility in a rapidly evolving environment Disciplined Approach to Capital Allocation – KRC has a proven track record of value-enhancing capital allocation across cycles through acquisitions, dispositions, redevelopments, and developments – Ongoing disruption may create substantial opportunities for well-capitalized buyers with unique local market insight 350 Mission | San Francisco, CA Strengthening Fundamentals Across the Company’s West Coast Markets – Fueled by rising levels of venture capital (“VC”) funding, a rapidly expanding artificial intelligence (“AI”) sector, and return-to-office momentum, KRC represents a compelling opportunity to capitalize on improving commercial real estate fundamentals across major West Coast markets
Slide 5 — Kilroy’s Strategic Approach
5 A Disciplined Strategy Focused on Quality, Durability, and Growth Kilroy’s Strategic Approach HIGH-QUALITY PORTFOLIO − Maintain a best-in-class portfolio by investing in modern, sustainable, and highly amenitized office and life science properties − Leverage KRC’s proven track record in repositioning and development to create environments that attract and retain top- tier tenants DURABLE AND GROWING CASH FLOW − Secure long-term commitments with high- credit tenants across diverse industries, while also prudently allocating capital to earlier-stage growth companies, balancing stability with opportunity and effectively managing credit exposure − Capitalize on KRC’s premier assets and operational expertise to maximize operating margins and the long- term growth potential of the portfolio PRUDENT CAPITAL ALLOCATION − Deploy capital with discipline, prioritizing high-barrier, supply- constrained markets where demand supports sustainable long-term rent growth − Balance asset recycling, redevelopment, and development to enhance portfolio value while ensuring strong risk-adjusted returns DISCIPLINED BALANCE SHEET MANAGEMENT − Preserve financial flexibility with conservative leverage, a well-laddered debt maturity profile, a robust liquidity position, and a substantial unencumbered asset base − Maintain a strong investment-grade balance sheet to support long-term growth PLATFORM EXCELLENCE − Drive efficiency, scalability, and innovation across business functions through a unified platform that integrates technology, data, and process optimization − Foster collaboration and leverage advanced analytics to enhance decision-making and enable continuous improvement across the organization
Slide 6 — West Coast Office Recovery
Where Innovation Works Where Innovation Works 6 West Coast Office Recovery
Slide 7 — West Coast Office Recovery
San Francisco Bay Area The West Coast Remains the Nation’s Leading Hub of Innovation and Discovery West Coast Office Recovery − Access to Educated Workforce – KRC’s West Coast markets are home to many premier academic institutions, supplying a deep talent pool for the technology, life sciences, and professional services industries − World-Class Research Centers – The region benefits from top-tier research institutions, driving innovation and industry collaboration − Thriving Innovation Ecosystem – KRC markets lead the nation in research and development (“R&D”) spending, accounting for approximately 50% (1) of total US business R&D investment, fostering cutting-edge advancements in AI, biotech, and clean technology − Unparalleled Access to Capital – More than 70% (2) of all US VC investment flows through KRC’s markets, fueling the growth of high- potential startups and established companies alike. Recently, significant VC investments in AI and emerging technologies in KRC’s markets have accelerated the demand for high-quality, well-located office and life science space − High Quality of Life – The region offers a dynamic mix of urban and coastal living, cultural attractions, and access to outdoor recreation, making it an attractive destination for top-tier talent (1) Source: National Science Board as of 2023. (2) Source: PitchBook; TTM as of September 30, 2025. Seattle Los Angeles San Diego Austin 7
Slide 8 — West Coast Office Recovery
8 West Coast Office Recovery Recalibrated Office Demand − Evolving Office Dynamics – KRC continues to capitalize on accelerating momentum in West Coast office and life science markets. Across the board, return to office is accelerating, supported by evolving workplace norms, shifting employer expectations, and the growing recognition of the office as a driver of culture, collaboration, and innovation • These trends, in combination with improving quality of life dynamics in many of KRC’s primary markets, are driving a resurgence of leasing activity and a notable increase in institutional investor interest in high-quality commercial assets − Flight-to-Quality Is Reshaping the Market – Class A space is being redefined as tenants increasingly prioritize well-located, amenity-rich buildings with flexible layouts that foster collaboration, employee engagement, and overall quality of life • Flight-to-quality is driving demand toward modern, high- performing properties, while accelerating the structural obsolescence of lower-quality product where outdated design, inferior locations, and a lack of modern amenities no longer meet the evolving expectations of today’s tenants. • High-quality sponsorship is another critical differentiator, offering operational excellence, financial strength, and long-term stability that tenants increasingly value when selecting space 2100 Kettner | San Diego, CA
Slide 9 — West Coast Office Recovery
Evolving Return to Office Sentiment West Coast Office Recovery 9 Source: JLL, Kastle, and Placer.ai. − The ongoing shift in workplace policies among large employers is clearly reflected in national physical occupancy data • In September, nationwide office badge swipes reached a post-pandemic high • Daytime office worker populations continue to improve, particularly in Downtown San Francisco, which recorded the largest increase in the country over the past year (+19%) − The average in-office requirement among Fortune 100 companies has risen from approximately two days per week at the end of 2022 to four days per week in 2025 − To accommodate rising in-office requirements, tenants are reassessing their real estate strategies, in some cases realizing that downsizing initiatives went too far Q3 2025 Q4 2022 Average Weekly Requirement: 4.0 days Average Weekly Requirement: 2.2 days Fortune 100 Office Attendance Policies Hybrid 70% Fully In-Office 2% Fully Remote 14% Team Dependent/Other 14% Q4 2022 Hybrid 41% Fully In- Office 56% Fully Remote 2% Team Dependent/Other 1% Q3 2025 “When you bring talented people together in one space, you increase the velocity of collaboration and connection.” – Natasha Valani, Chief People Officer, Tubi San Francisco Standard article from August 8, 2025 regarding Tubi’s new lease at 201 Third Street
Slide 10 — West Coast Office Recovery
AI is Positively Reshaping Office and Life Science Demand in Major Innovation Driven Markets West Coast Office Recovery 10 AI is positively reshaping demand and reinforcing the strategic importance of well-located real estate, particularly in the Bay Area, where concentrations of talent and VC funding are supporting a sustained market recovery − National VC funding in the AI sector has surged dramatically in the last two years, with 2025 YTD funding reaching over $160B, already surpassing 2024 levels by nearly 50% and representing over 60% of total VC funding. The San Francisco Bay Area represents ~75% of total AI VC funding YTD − The growth in the AI sector has translated into meaningful leasing demand, with AI companies signing ~1.7M SF of leases YTD in San Francisco, representing approximately 24% of all leasing activity − While individual lease commitments from AI companies may often appear modest in size, roughly 90% of AI deals tracked since 2016 have been expansionary in nature • When AI companies scale into second or third offices, new spaces are typically two to five times larger than the original space, underscoring the long-term growth potential of the sector Source: PitchBook and CBRE. 1.7M 2.0M 1.7M 1.4M 1.6M 1.8M 2.4M 2.6M 3.8M 5.2M 6.5M 26% 24% 24% 0% 10% 20% 30% 40% 0.0M SF 2.0M SF 4.0M SF 6.0M SF 8.0M SF 2018 2019 2020 2021 2022 2023 2024 2025 YTD San Francisco AI Leasing and Occupancy Leasing Activity Total Footprint Share of Total Leasing 50% 64% 0% 20% 40% 60% $0B $100B $200B 2019 2020 2021 2022 2023 2024 2025 YTD AI VC Funding in the US and Bay Area San Francisco Other Bay Area Rest of US AI Share of Total VC Funding
Slide 11 — Leasing Performance and
Where Innovation Works Where Innovation Works Leasing Performance and Outlook 11
Slide 12 — 552K SF
12 Positive Momentum Throughout 2025 and Encouraging Forward Leasing Indicators Leasing Performance and Outlook 552K SF of Leases Signed in Q3 2025 +95% Year-over-Year Increase in Portfolio-wide Touring Activity +170% Year-over-Year Increase in SoMa Touring Activity Q3 Leasing Highlights: 119K SF, Renewal − Signed a 119K SF, full-building renewal with Scripps Health at Kilroy Centre Del Mar in San Diego, addressing one of the larger upcoming lease expirations in the portfolio 31K SF, New Lease − Signed a 31K SF, full-floor new headquarters lease with Tubi at 201 Third Street in San Francisco, marking the third consecutive quarter of major leasing at this property − The Company reported strong leasing performance in Q3 2025, with over 550K SF of new and renewal leases, marking KRC’s largest third quarter of leasing activity and strongest year-to-date performance in six years − Leasing momentum remained robust in San Francisco, with activity in the South of Market, or SoMa, submarket particularly notable. KRC’s SoMa assets continue to outperform, with over 95,000 square feet of new and renewal leases executed this quarter and a 170% year-over-year increase in tour activity − Beyond San Francisco, KRC made meaningful progress in the third quarter in addressing some of the Company’s largest 2026 expirations, particularly in San Diego, where KRC signed a renewal with Scripps Health
Slide 13 — Leasing Performance and Outlook
13 Leasing Performance and Outlook KRC’s High-Quality Vacancies Are Uniquely Positioned to Benefit From Improving Dynamics − As of September 30, 2025, approximately 330bps of portfolio leased vacancy and 400bps of portfolio occupied vacancy was concentrated in the Company’s recently developed or repositioned assets, including 2100 Kettner (San Diego), West8 (Seattle), and Indeed Tower (Austin) • Due to the quality of construction and property-level amenitization, these assets are ideally positioned to capture outsized market share as the environment continues to improve 330bps 70bps 400bps Leased Vacancy Signed-Not-Occupied Occupied Vacancy High-Quality Remaining Vacancies Indeed Tower | Austin, TX West8 | Seattle, WA 2100 Kettner | San Diego, CA
Slide 14 — Kilroy Oyster Point Phase 2
Where Innovation Works Where Innovation Works 14 Kilroy Oyster Point Phase 2 Update
Slide 15 — Kilroy Oyster Point Phase 2 (“KOP 2”)
15 Kilroy Oyster Point Phase 2 (“KOP 2”) Update Project Overview Project Overview: – KOP 2 is a three-building, 875K SF life science development within KRC’s broader five- phase KOP project, located on a 50-acre waterfront site in the heart of the Bay Area’s most significant life science cluster. KOP 2 will enter the stabilized portfolio in January 2026 – Purpose-built to meet the needs of leading life science tenants, KOP 2 was designed with specialized infrastructure, flexible lab configurations, and robust building systems to support even the most demanding research and development requirements KOP 2 | South San Francisco, CA 16 FT. typical floor-to-floor height; 13 ft. floor-to-ceiling height ~40,000 SF large open floor plates ~875,000 SF across three buildings ±4,000 MIPS (“micro inches per second”) market-leading vibration performance 22 FT. X 33 FT. typical column spacing ~90,000 SF move-in ready lab spaces
Slide 16 — KOP 2 Update
16 KOP 2 Update Key Project Differentiators – Strategic Location: The project’s 50-acre waterfront campus on Oyster Point Boulevard places KOP in the heart of South San Francisco, the Bay Area’s most active life science submarket. The site offers multi-modal connectivity, including walkable access to the public ferry, shuttle service to regional transit hubs, ample parking, and a private marina with potential for future private ferry service. This accessibility, coupled with unobstructed, panoramic views, enhance the project’s appeal to tenants seeking convenience, quality, and amenitization – Premier Product Offering: KOP 2’s best-in-class finishes, amenities, and infrastructure position the project as the leading life science destination in South San Francisco – Spec Suite Strategy and Scalability: The project’s ~90K SF of spec suites were purpose-built to meet current tenant demand, enabling accelerated deal velocity and occupancy realization. The project offers flexible space solutions that support both immediate needs and long-term growth, and can accommodate virtually any tenant size requirement – Diverse Tenant Ecosystem: With non-life science tenants like Stripe already on the KOP campus, the project offers multi-sector appeal that extends beyond life science, enhancing the Company’s ability to drive long-term value creation KOP 2 | South San Francisco, CA
Slide 17 — 84K SF
17 KOP 2 Leasing Update KOP 2 Update 84K SF of Leases Signed Year-to- Date 100K SF of Total Expected Executed Leases by Year- End 44K SF Expected Occupancy Commencement Q4 2026 24K SF Expected Occupancy Commencement Q2 2026 16K SF Expected Occupancy Commencement Q2 2026 KOP 2 is benefiting from a material improvement in sentiment and activity, with 84K SF of leases executed to date with established, well-capitalized biotech companies Note: Leases executed as of October 28, 2025.
Slide 18 — Capital Allocation
Where Innovation Works Where Innovation Works Capital Allocation 18
Slide 19 — Capital Allocation
19 Capital Allocation Guiding Principles − As part of the Company’s broader strategy to enhance portfolio resilience and drive long-term cash flow growth, KRC is recycling capital in a disciplined manner designed to position the Company for outperformance in an evolving market environment • KRC is harvesting capital from assets where value has been maximized, while evaluating all redeployment options, including selective reinvestment into submarkets and properties with superior demand drivers and strong long-term fundamentals, stock repurchases, and debt reduction • The Company’s dynamic approach will enable KRC to capitalize on opportunities in the office and life science sectors while adapting to shifts in asset class and submarket fundamentals. Through thoughtful portfolio rotation and disciplined execution, the Company aims to create durable long-term cash flow growth and value appreciation • Recent transactions, including the sale of the Company’s Sunnyvale Campus (SF Bay Area) and 501 Santa Monica (LA: Santa Monica) and the subsequent reinvestment into Maple Plaza (LA: Beverly Hills), underscore KRC’s commitment to aligning the portfolio with premier, differentiated environments that resonate with today’s tenants Maple Plaza | Beverly Hills, CA
Slide 20 — Investment Update
20 Investment Update Strategic Capital Reallocation Sunnyvale Campus | Sunnyvale, CA Maple Plaza Acquisition (Beverly Hills, CA) − Transaction Overview: In September, acquired Maple Plaza, a 306K SF office building in Beverly Hills, for $205M, marking KRC’s first entry into one of the highest performing submarkets in Los Angeles − Strategic Rationale: Prime location near the Beverly Hills Triangle with a strong, diversified tenant mix across private equity, professional services, education, and entertainment. Supply-constrained submarket with limited vacancy, robust demand, sustained rent growth, and rising weekday traffic − Compelling Entry Point: Rare opportunity to gain scale in a difficult to enter submarket ~55% below replacement cost − Clear Path to Value Creation: Since acquisition, new leasing and renewal activity has been strong. As of September 30, 2025, Maple Plaza is ~79% leased and the Company sees a clear path to durable growth and value appreciation through the programmatic lease-up of remaining vacancy Maple Plaza | Beverly Hills, CA 501 Santa Monica | Santa Monica, CA Sunnyvale Campus Disposition (Sunnyvale, CA) − Transaction Overview: In September, completed the sale of the Sunnyvale campus, a four-building, approximately 663K SF campus in Silicon Valley, for $365M − Portfolio Optimization: The sale unlocked attractively-priced capital for reinvestment and deleveraging, while also allowing the Company to avoid future near-term vacancy and dilutive capital spend 501 Santa Monica Disposition (Santa Monica, CA) − Transaction Overview: In June, sold 501 Santa Monica, a 79K SF office building in Santa Monica, for $40M − Portfolio Optimization: Harvested capital from a low-growth, capital-intensive asset while capturing strong investor demand at attractive returns
Slide 21 — Strong Balance Sheet and Robust
Where Innovation Works Where Innovation Works Strong Balance Sheet and Robust Liquidity Profile 21
Slide 22 — Strong Balance Sheet and Robust Liquidity Profile
$- $400 $452 $400 $475 $500 $350 $425 $450 $375 $400 $400 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Well-Laddered Debt Maturities ($M) Unsecured Bonds Unsecured Private Placement Notes Unsecured Green Bonds Secured Debt Unsecured Term Loan 22 Well-Laddered Debt Maturity Profile and Substantial Unencumbered Asset Base Provide Valuable Financial and Operational Flexibility Strong Balance Sheet and Robust Liquidity Profile Statistics and Ratios (as of September 30, 2025) Debt Statistics 4.30% Weighted avg. stated interest rate 5.7 years Weighted avg. maturity 88% Unencumbered portfolio % (2) Leverage and Coverage Ratios 6.5x Net debt to adjusted EBITDA (3) 3.2x Fixed charge coverage Credit Ratings BBB- / Negative S&P Global Baa3 / Stable Moody’s BBB- / Stable Fitch −$1.5B of available liquidity, as of September 30, 2025, comprised of ~$372M of cash on hand and ~$1.1B available under the fully undrawn unsecured revolving credit facility −Well-covered dividend • Declared a quarterly cash dividend of $0.54 per common share ($2.16 per annum) for the third quarter of 2025, representing a 50% FFO payout ratio (current quarter) and a 5.1% dividend yield (1) (1) As of September 30, 2025. (2) As defined per the Company’s credit agreement. (3) Adjusted less interest income and calculated on a trailing 12-month basis. (4) The maturity date of the unsecured term loan assumes the exercise of the two 12-month extensions, at the Company’s election. (4) Weighted Avg. Stated Rate --% 4.06% 4.48% 4.75% 4.12% 3.05% 4.27% 2.50% 2.65% 5.90% 5.88% 6.25%
Slide 23 — Environmental, Social, and
Where Innovation Works Where Innovation Works Environmental, Social, and Governance 23
Slide 24 — Environmental, Social, and Governance
24 Environmental, Social, and Governance Sustainability Strategy Governance Maintaining best-in-class Environmental, Social, and Governance (“ESG”) leadership and transparency Social Promoting the wellness of KRC’s tenants, employees, communities, and partners Environmental Minimizing KRC’s environmental footprint KRC’s vision is to improve the environmental and social performance of its portfolio and the Company, increasing the health and productivity of its tenants, employees, and communities, and enhancing its financial and operational performance Energy, Carbon, Water, and Waste Reduction Projects Renewable Energy Generation and Storage Environmental Building Certifications Diversity, Equity, and Inclusion Training Healthy Building Certifications Supply Chain Engagement Board of Directors Governance of ESG Issues Excellence in ESG Reporting Third Party Assurance of ESG Disclosures
Slide 25 — Environmental, Social, and Governance
25 Environmental, Social, and Governance 2030 Environmental Goals ENERGY Energy Use Intensity (“EUI”): Achieve a 10% reduction in portfolio average EUI by 2030, relative to a 2023 baseline Onsite Solar: Expand installed onsite solar capacity to eight megawatts by 2030 EMISSIONS Greenhouse Gas (“GHG”) Emissions Intensity: Achieve a 10% reduction in onsite GHG emissions intensity by 2030, relative to a 2023 baseline Carbon Neutral Operations: Maintain Carbon Neutral Operations through 2030 WATER Water Audit: Complete in-house water audits at 100% of properties by 2030 Water Submetering: Install submeters to more accurately measure high water usage points at 100% of properties by 2030 CERTIFICATIONS LEED: Achieve 85% LEED certification for the stabilized portfolio by 2030 ENERGY STAR: Achieve 70% ENERGY STAR certification for the stabilized portfolio by 2030 Fitwel: Achieve 50% Fitwel certification for the stabilized portfolio by 2030 NEW DEVELOPMENT Embodied Carbon: Reduce embodied carbon by at least 15% (compared to a regional industry average baseline) on all new development projects LEED: Achieve LEED Gold or LEED Platinum certification on all new development projects All-electric: Design and build all new development projects to be all-electric Onsite Solar: Conduct assessments for onsite solar feasibility at all new development projects WASTE Waste Education: Provide information, education, and/or training on recycling and composting practices to occupants of all KRC buildings by 2030 Single-use Plastic: Eliminate single-use plastic water bottles, beverage cups, and utensils in 100% of KRC office kitchens by 2030
Slide 26 — Environmental, Social, and Governance
26 Environmental, Social, and Governance 2030 Social Goals − The Company’s 2030 Social Goals focus on ensuring ready now bench strength and elevation organizational capabilities, a highly engaged workforce, and a positive impact on KRC’s local communities. These goals align with five tenets that define KRC’s culture – People, Courage, Teamwork, Integrity, and Performance and Accountability: READY NOW BENCH STRENGTH AND ELEVATED ORGANIZATIONAL CAPABILTIES Increase Organizational Continuity: Create succession plans and name strong candidates for each officer position in the Company Elevate Organizational Knowledge, Skills, and Abilities: Create and execute enterprise-wide individual development plans that are consistent, where appropriate, with the newly created officer succession plans. Develop and execute on a formal training and development program for Asset Management teams, with the goal of supporting talent acquisition and improving talent retention within the functions HIGHLY ENGAGED WORKFORCE Increase Employee Engagement Opportunities: Develop additional channels to engage with employees through wellness, mentorship, and career-pathing programs Drive Talent Retention Through Effective Leadership: Deliver a required manager capability program and measure the related performance of all leaders across the organization POSITIVE IMPACT ON OUR LOCAL COMMUNITIES Become Known for Our Philanthropic Identity: Identify and embed KRC’s philanthropic identity. Establish ongoing partnerships with local community- serving organizations and provide physical spaces to support initiatives Make a Meaningful Difference Through Philanthropic Efforts: Provide our teams with the time and support they need to foster strong partnerships with community organizations aligned with our philanthropic identity, drive higher levels of volunteer engagement by our people, and significantly expand our positive influence and outreach in our communities
Slide 27 — Environmental, Social, and Governance
27 Environmental, Social, and Governance Building Certifications LEED 12,848,335 Total Certified SF 69% of KRC’s stabilized portfolio is LEED certified, of which 92% is certified at the highest Gold and Platinum levels Fitwel 8,637,669 Total Certified SF 47% of KRC’s total stabilized portfolio is Fitwel certified Carbon Neutral Operations 100% of KRC’s stabilized portfolio is operating on a carbon neutral basis ENERGY STAR 10,078,171 Total Certified SF 54% of KRC’s total stabilized portfolio is ENERGY STAR certified BOMA 360 6,562,251 Total Certified SF 38% of KRC’s eligible Office portfolio is BOMA 360 certified WELL Building Standard Columbia Square Living One Paseo Living Jardine 69% Portfolio Certified 54% Portfolio Certified 38% Eligible Portfolio Certified 100% Residential Portfolio Certified 47% Portfolio Certified 100% Carbon Neutral Operations Note: Data as of December 31, 2024.
Slide 28 — Environmental, Social, and Governance
Environmental, Social, and Governance Achievements and Accolades 28 Best in Building Health Fitwel Excellence Award, Most Certifications of All Time, 2019-2022 Carbon Neutral Operations KRC achieved Carbon Neutral Operations, 2020-2024 Newsweek America’s Most Responsible Companies, 2020-2025 Energy Star Partner of the Year, 2014-2024 Sustained Excellence, 2016-2024 Green Lease Leader Leader, 2014-2024 Gold Level, 2018-2024 Champion of the Decade, 2024 GRESB 5-Star Designation for Standing Assets, 2015- 2025 Regional Sector Leader in the Americas in Technology/Life Science for Development, 2025 Calvert Research and Management Top 10 Most Sustainable US REITs Most Sustainable US REITs, 2020-2023 US EPA Green Power Partnership National Top 100 Green Power Users, 2021-2024
Slide 29 — Where Innovation Works
Where Innovation Works Where Innovation Works